Belpointe Asset Management LLC Increases Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Belpointe Asset Management LLC increased its holdings in Netflix, Inc. by 7.4% in the first quarter, bringing its total shares to 9,893, valued at approximately $9.23 million.
• Several institutional investors have also boosted their stakes in Netflix, with a total of 80.93% of the stock owned by hedge funds and other institutional investors.
• Netflix's recent earnings showed a 15.9% year-over-year revenue increase, with the company reporting earnings per share of $7.19, exceeding estimates.

Belpointe Asset Management LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,893 shares of the Internet television network's stock after acquiring an additional 678 shares during the quarter. Belpointe Asset Management LLC's holdings in Netflix were worth $9,226,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC boosted its stake in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the fourth quarter worth $27,000. Flaharty Asset Management LLC bought a new stake in Netflix in the first quarter worth about $37,000. Copia Wealth Management bought a new stake in Netflix in the 4th quarter valued at about $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the 1st quarter valued at $42,000. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NFLX stock traded down $15.06 during midday trading on Friday, reaching $1,188.44. The stock had a trading volume of 3,778,934 shares, compared to its average volume of 4,021,602. The company's fifty day simple moving average is $1,220.29 and its 200 day simple moving average is $1,130.00. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $505.00 billion, a price-to-earnings ratio of 50.64, a price-to-earnings-growth ratio of 2.10 and a beta of 1.60. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 in the last 90 days. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. TD Cowen upped their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a report on Friday, July 18th. Zacks Research cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Phillip Securities downgraded Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Finally, Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.